Verizon Wireless Leases Retail Space At 2875 Broadway From Premiere Equities In Upper West Side
LEASED
$400
New York
See Similar DealsRetail1,350 SF
Leased 09/01/2024
LEASED
Verizon Wireless Leases Retail Space At 2875 Broadway From Premiere Equities In Upper West Side
2875 Broadway
See Similar DealsRetail1,350 SF
Leased 09/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$400
Total Square Footage:1,350 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 2875 Broadway in the Upper West Side market. The lease type is a retail lease, with an asking rent of $400 per square foot for a total area of 1,350 square feet. The landlord of the property is Premiere Equities, while the tenant is Verizon Wireless.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $400/ft
- Square Footage: 1,350
- Address: 2875 Broadway
- Market: Upper West Side
- Landlord: Premiere Equities
- Tenant: Verizon Wireless
- Brokers: Solomon Sharaby & Selim Sabbagh - KSR
The deal involved key individuals Solomon Sharaby and Selim Sabbagh, who represented the landlord and tenant in this transaction. They are affiliated with KSR, a brokerage firm that facilitated this lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$619,049.48
Total Lease Value
$6,190,494.83
Net Landlord Cash Flow$619,049.48
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